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NOTES TO
FINANCIAL STATEMENTS (CONT’D)
31 March 2015
29 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)
The carrying amount of financial assets, grossed up for any provision, represents the maximum credit exposure.
At the end of the reporting period, the credit risk is mainly due from customers in Singapore but there is no
significant concentration of credit risk arising receivables due from any individual other than grant receivables
from the Government Ministry.
The Group manages its credit risk with regular monitoring and following up actions for the debts outstanding from
debtors. Additional information is set out in Note 10.
The aging of loans and receivables at the reporting date is:
2015 2014
Allowance for Allowance for
doubtful doubtful
Gross receivables Gross receivables
$’000 $’000 $’000 $’000
Group
Not past due 489,212 - 163,443 -
Past due 1 to 30 days 12,071 - 3,332 -
Past due 31 to 150 days 12,210 - 9,918 -
More than 151 days 9,120 902 5,275 829
522,613 902 181,968 829
University Company
Not past due 485,565 - 160,529 -
-
Past due 1 to 30 days 12,058 - 3,267 -
1,991
Past due 31 to 150 days 11,381 - 10,044
1,991
More than 151 days 11,032 2,064 7,122
520,036 2,064 180,962
The movement in the allowance for doubtful receivables in respect of loans and receivables during the year is as
follows:
Group University Company
2015 2014 2015 2014
$’000 $’000 $’000 $’000
At 1 April 829 544 1,991 1,692
Allowance charged 73 285 73 299
At 31 March 902 829 2,064 1,991
80 NTU ANNUAL REPORT 2015